Royce & Associates LP Sells 209,712 Shares of Amkor Technology, Inc. $AMKR

Royce & Associates LP trimmed its holdings in shares of Amkor Technology, Inc. (NASDAQ:AMKR) by 31.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 452,029 shares of the semiconductor company’s stock after selling 209,712 shares during the quarter. Royce & Associates LP’s holdings in Amkor Technology were worth $17,846,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of AMKR. Royal Bank of Canada grew its stake in Amkor Technology by 100.6% during the first quarter. Royal Bank of Canada now owns 19,345 shares of the semiconductor company’s stock worth $349,000 after buying an additional 3,454,012 shares in the last quarter. Advisors Asset Management Inc. grew its stake in Amkor Technology by 61.8% during the first quarter. Advisors Asset Management Inc. now owns 2,236 shares of the semiconductor company’s stock worth $40,000 after buying an additional 854 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Amkor Technology by 913.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,509 shares of the semiconductor company’s stock worth $136,000 after buying an additional 6,768 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Amkor Technology by 73.4% during the first quarter. Goldman Sachs Group Inc. now owns 524,713 shares of the semiconductor company’s stock worth $9,476,000 after buying an additional 222,107 shares in the last quarter. Finally, Caxton Associates LLP acquired a new stake in Amkor Technology during the first quarter worth about $271,000. 42.76% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on AMKR shares. Morgan Stanley increased their price objective on shares of Amkor Technology from $45.00 to $69.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 28th. Wall Street Zen downgraded shares of Amkor Technology from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 21st. UBS Group restated a “neutral” rating and issued a $80.00 price target on shares of Amkor Technology in a research note on Tuesday. B. Riley Financial raised their price target on shares of Amkor Technology from $65.00 to $70.00 and gave the company a “neutral” rating in a research note on Tuesday, April 28th. Finally, JPMorgan Chase & Co. raised their price target on shares of Amkor Technology from $32.00 to $65.00 and gave the company an “overweight” rating in a research note on Tuesday, February 10th. Four research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, Amkor Technology has a consensus rating of “Hold” and a consensus price target of $67.38.

Insiders Place Their Bets

In related news, Director Winston J. Churchill sold 7,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $76.45, for a total value of $535,150.00. Following the completion of the transaction, the director owned 18,888 shares in the company, valued at $1,443,987.60. This trade represents a 27.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gil C. Tily sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $77.30, for a total transaction of $1,159,500.00. Following the completion of the transaction, the director owned 108,806 shares of the company’s stock, valued at approximately $8,410,703.80. This trade represents a 12.12% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 113,000 shares of company stock worth $8,258,950 over the last quarter. 26.40% of the stock is currently owned by corporate insiders.

Amkor Technology Stock Up 11.7%

Shares of NASDAQ AMKR opened at $73.46 on Wednesday. The company has a 50 day simple moving average of $61.14 and a 200 day simple moving average of $49.92. The firm has a market cap of $18.21 billion, a PE ratio of 41.98 and a beta of 2.29. Amkor Technology, Inc. has a 1 year low of $17.79 and a 1 year high of $79.23. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.01 and a quick ratio of 1.74.

Amkor Technology (NASDAQ:AMKR) last issued its quarterly earnings data on Monday, April 27th. The semiconductor company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.10. The business had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.63 billion. Amkor Technology had a net margin of 6.17% and a return on equity of 9.88%. The firm’s quarterly revenue was up 27.5% on a year-over-year basis. During the same quarter last year, the business earned $0.09 EPS. On average, research analysts forecast that Amkor Technology, Inc. will post 2.08 EPS for the current year.

Amkor Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 23rd. Investors of record on Wednesday, June 3rd will be issued a $0.0835 dividend. This represents a $0.33 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Wednesday, June 3rd. Amkor Technology’s dividend payout ratio (DPR) is 18.86%.

Amkor Technology Profile

Amkor Technology, Inc (NASDAQ:AMKR) is a leading provider of outsourced semiconductor packaging and test (OSAT) services, supporting integrated device manufacturers and semiconductor foundries worldwide. The company offers a broad range of advanced packaging solutions, including wafer bumping, flip chip, system-in-package and ball grid array technologies, designed to meet the performance, power and form-factor demands of applications across consumer electronics, automotive, communications and industrial markets.

In addition to packaging, Amkor delivers comprehensive test services such as wafer probing, final test, system-level test and digital, analog and mixed-signal testing, enabling customers to accelerate time-to-market and reduce total costs.